Addis Abeba – The Ministry of Trade and Regional Integration announced an increase on the current retail price of fuel products effective January 08, 2023. According to a statement released by the Ministry, the new price for a liter of gasoline will be 61 Birr and 29 cents, for white diesel 67 Birr and 30 cents as well as kerosene 67 Birr. Light black diesel will be sold at 49 Birr and 67 cents, heavy black diesel at 48 Birr and 70 cents and jet fuel at 67 Birr and 91 cents per liter. In September, gasoline price rose from 47.83 to 57.01 birr per liter, while kerosene and diesel price soared from 49.02 to 59.90 birr. In November 2022, Petroleum and Energy Authority said, the cut on fuel subsidy program helped the government reduce its monthly expenses from 10 billion to 4 billion Birr.

Source: Ethiopian News January 09, 2023 09:12 UTC